8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): June 15, 2007

Farmers National Banc Corp.
__________________________________________
(Exact name of registrant as specified in its charter)

Ohio	0-12055	34-1371693
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
20 South Broad Street, P.O. Box 555, Canfield, Ohio		44406-0555
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 330-533-3341

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On June 12, 2007, Farmers National Banc Corp. (the "Registrant") announced that its Board of Directors has adopted the 2007 Stock Repurchase Program. Under the stock repurchase program, the Registrant will be authorized to repurchase shares of its outstanding common stock in the open market or in privately negotiated transactions at appropriate times to allow it to enhance the value of its stock and to manage its capital. The Board’s action will allow management to make repurchases, without further board approval, when stock purchases are deemed prudent. The 2007 Stock Repurchase Program contemplates that stock repurchases will be made in accordance with Rule 10b-18 of the regulations issued under the Securities Exchange Act of 1934. Pursuant to the plan, the Registrant may purchase up to 4.9% of the company’s outstanding common stock during a one-year period of time from June 12, 2007.

A copy of the Press Release announcing the adoption of the 2007 Stock Repurchase Program is atta ched hereto as Exhibit 99.

Item 9.01 Financial Statements and Exhibits.

Press release of Farmers National Banc Corp. issued June 15, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Farmers National Banc Corp.
June 15, 2007	By:	Frank L. Paden
		Name: Frank L. Paden
		Title: President and Secretary

Exhibit Index

Exhibit No.	Description
99.1	June 15, 2007 Press Release

EX-99.1

Friday, June 15, 2007

Press Release

Source: Farmers National Banc Corp.

Frank L. Paden, President

Canfield, OH 44406

330-533-3341

Farmers National Banc Corp. Announces Stock Repurchase Program.

CANFIELD, Ohio — Frank L. Paden, President of Farmers National Banc Corp., (OTC BB: FMNB) Canfield, Ohio, announced that the Company’s Board of Directors approved to re-authorize the
Company’s Stock Repurchase Program that expired on June 13, 2007. Under the 2007 Stock Repurchase Program, the Company is authorized to repurchase shares of its outstanding common stock in the open market or in privately negotiated transactions. The company shall make such repurchases at times deemed appropriate and during the period of time expiring on June 12, 2008. The amount of stock repurchased during such time shall not exceed 4.9% of the outstanding common stock of the company. The company intends to make all repurchases in compliance with applicable regulatory guidelines and to administer the plan in accordance with applicable securities and other laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

Farmers National Bank operates sixteen banking offices throughout Mahoning, Trumbull and Columbiana counties. The bank offers a wide range of banking and investment services to companies and individuals, and maintains a website at www.fnbcanfield.com.